China-based GCL Enters Distributed Energy Storage Market with Global Launch of New Energy Storage Products

At the launch event held during the expo, GCL chairman Shu Hua said, "GCL has a strong team engaged in research and development of our proprietary technologies, supported up by collaborative work efforts with several research organizations, including the Industrial Application Research Institute. We aim to create more energy storage products, take a leadership position in influencing market trends and help Australia achieve its renewable energy goals as well as boost energy sustainability worldwide."

At the launch event held during the expo, GCL chairman Shu Hua said, "GCL has a strong team engaged in research and development of our proprietary technologies, supported up by collaborative work efforts with several research organizations, including the Industrial Application Research Institute. We aim to create more energy storage products, take a leadership position in influencing market trends and help Australia achieve its renewable energy goals as well as boost energy sustainability worldwide."

The E-KwBe series is scheduled to be marketed by One STOP WAREHOUSE (OSW), GCL's solar photovoltaic (PV) product distributor in Australia. OSW, an active player in the PV system market, is primarily engaged in the marketing of PV cell panels, complete suites as well as inverters and parts. The PV provider has four distribution centers across Australia and has developed and launched its own e-commerce, operation and mobile platforms.

Notably, GCL acquired a 51 percent stake in OSW in April, 2016. Through OSW, GCL aims to build its distribution channels for solar modules, system integration and distributed energy storage products across Australia and the wider southern hemisphere. In addition, GCL is expanding into many of the world's key markets, including the U.S., India and Japan. In the future, markets outside of the home country are expected to be one of the key profit generators for GCL.

About GCL System

GCL System Integration Technology Co. Ltd (Shenzhen Stock Exchange stock ticker 002506) (GCL System) is part of Golden Concord Group (GCL), an international energy company specializing in clean and sustainable power production. The group, founded in 1990, now employs 20,000 people. GCL supplies 35% of the world's wafer capacity yield, representing 30% of the market for silicon, and owns global assets worth nearly USD 16 billion.

With over 2 GW in module shipments during 2015, GCL System is committed to becoming the world's leading solar energy company. The smart energy service provider delivers a one stop, cutting-edge, integrated energy solution. Based on a fully-integrated Vertical PV industrial chain capacity operation, GCL System has built a business model based on the development and deployment of an end-to-end, state of the art, solar solutions package which fully incorporates design, product and service.